Part 4/9:
While living frugally is one method, it has inherent limitations. Cutting costs may only take you so far, as you can only reduce expenses to a certain point before life becomes overly austere. Making significant sacrifices may even impact your enjoyment of life, introducing a barrier to sustainable happiness.
Focus on Increasing Income
Instead of solely concentrating on spending less, consider the unlimited potential of increasing your income. By diversifying your income streams, you will reduce reliance on a single employer and create more financial resilience.